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Hammerson's James Lenton to step down from role as CFO

Tom Shearsmith
15 January 2021

Shopping centre owner Hammerson has confirmed that James Lenton is to step down as Chief Financial Officer after only 15 months in the role.

The retail property giant confirmed that the board has already commenced a search for his successor and Lenton will continue as Chief Financial Officer and as an Executive Director of the Company until his successor has joined.

In October 2020, Hammerson has told investors it only collected 38% of its UK rents due for the current quarter after shop tenants were hit by the pandemic.

The company, which owns Birmingham’s Bullring among others, said it collected 41% of rents across the global business.

Only in September had Hammerson appointed new CEO Rita-Rose Gagné, who took over the role from David Atkins.

James Lenton said: "Following successful completion of the rights issue, VIA Outlets disposal and induction of the new Chair of the Board and CEO, I feel now is the right time to look for a new opportunity. I remain fully committed in the role until my successor is in place."

Rita-Rose Gagné, Chief Executive Officer, added: "James was instrumental in navigating and conducting the rights issue and VIA Outlets disposal. I am grateful for his support and commitment to continue until his successor joins. We wish him well for the future."

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